Hating your loan officer is so last year. J.D. Power sees a rise in customer satisfaction in applying for home equity loans or lines of credit. Customer happiness about the experience is up nearly 2 percent since 2007--to 780 on a scale of 1,000 points. That would be a C+/B- if I was handing out a grade.

Bank of America is now saying Sambol will not stay on. The bank is opting for Barbara Desoer, someone with "deep roots in the Bank of America culture," according to Dow Jones. The newly combined mortgage business will still be based at Countrywide's Calabasas headquarters, but, like Mozilo, Sambol won't be there.

U.S. thrifts are being urged to set aside more money for bad mortgage loans after reporting record loan loss provisions totaling $7.6 billion in the first quarter due to the deteriorating American housing market, the Office of Thrift Supervision (OTS) said Tuesday.

The Dow has dropped 450 points in the last two days. Most of this is due to the record high price of oil, but at 2 PM ET today the markets dropped further as the Fed came out with its minutes, wherein they...

Stocks finished near session lows as oil prices soared and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.

Stocks tumbled Tuesday as oil prices blew past $129 a barrel and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.

The credit crisis will likely extend well into the next year and beyond, resulting in three years of multi-billion dollar revenue reversals, according to a prominent U.S. banking analyst, Meredith Whitney, who also slashed her earnings outlook for four Wall Street investment banks.